2,125 Shares in Cintas Corporation $CTAS Acquired by Meadow Creek Wealth Advisors LLC

Key Points

• Meadow Creek Wealth Advisors LLC acquired a new position in Cintas Corporation, purchasing 2,125 shares valued at approximately $474,000 during the second quarter.
• Cintas reported a quarterly earnings per share (EPS) of $1.20, exceeding expectations, along with revenue of $2.72 billion, representing an 8.7% increase year-over-year.
• The company recently raised its quarterly dividend from $0.39 to $0.45, providing shareholders with an annualized yield of 0.9%.

Meadow Creek Wealth Advisors LLC purchased a new position in shares of Cintas Corporation (NASDAQ:CTAS - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,125 shares of the business services provider's stock, valued at approximately $474,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of Cintas by 9.3% in the 4th quarter. Brighton Jones LLC now owns 1,268 shares of the business services provider's stock valued at $232,000 after acquiring an additional 108 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in Cintas in the first quarter worth $210,000. Advisor Resource Council bought a new position in shares of Cintas during the first quarter worth $308,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Cintas by 18.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 38,483 shares of the business services provider's stock valued at $7,910,000 after buying an additional 5,989 shares during the period. Finally, Oppenheimer & Co. Inc. increased its position in shares of Cintas by 11.3% in the 1st quarter. Oppenheimer & Co. Inc. now owns 16,739 shares of the business services provider's stock valued at $3,440,000 after buying an additional 1,699 shares in the last quarter. Institutional investors own 63.46% of the company's stock.

Cintas Price Performance

Shares of NASDAQ CTAS opened at $196.49 on Wednesday. Cintas Corporation has a fifty-two week low of $180.78 and a fifty-two week high of $229.24. The stock has a market capitalization of $78.96 billion, a price-to-earnings ratio of 44.56, a PEG ratio of 3.32 and a beta of 1.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. The business has a 50-day moving average of $203.44 and a 200-day moving average of $212.39.

Cintas (NASDAQ:CTAS - Get Free Report) last issued its quarterly earnings results on Wednesday, September 24th. The business services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.19 by $0.01. The firm had revenue of $2.72 billion during the quarter, compared to analysts' expectations of $2.70 billion. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The business's quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.10 earnings per share. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. As a group, sell-side analysts predict that Cintas Corporation will post 4.31 earnings per share for the current fiscal year.

Cintas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were paid a $0.45 dividend. This is an increase from Cintas's previous quarterly dividend of $0.39. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, August 15th. Cintas's dividend payout ratio is 40.82%.

Analyst Ratings Changes

A number of research firms have issued reports on CTAS. Royal Bank Of Canada decreased their target price on Cintas from $240.00 to $206.00 and set a "sector perform" rating for the company in a research note on Thursday, September 25th. Citigroup lifted their price objective on Cintas from $172.00 to $176.00 and gave the company a "sell" rating in a report on Friday, September 26th. JPMorgan Chase & Co. dropped their price objective on shares of Cintas from $246.00 to $230.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Cintas in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group boosted their price target on Cintas from $233.00 to $257.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Cintas presently has an average rating of "Hold" and a consensus target price of $222.09.

Insider Transactions at Cintas

In other news, Director Ronald W. Tysoe sold 5,084 shares of the firm's stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $223.47, for a total value of $1,136,121.48. Following the completion of the sale, the director directly owned 21,945 shares of the company's stock, valued at $4,904,049.15. This trade represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Todd M. Schneider sold 17,301 shares of Cintas stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $220.90, for a total value of $3,821,790.90. Following the transaction, the chief executive officer owned 622,712 shares of the company's stock, valued at $137,557,080.80. This represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 14.90% of the company's stock.

Cintas Profile

Cintas Corporation engages in the provision of corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms.

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